Kansas Medicaid companies report financial losses

Medicaid

WICHITA, Kan. (AP) – A state agency says the three private insurance companies that manage the Kansas Medicaid program lost a combined $110 million in the first year of operating the program.

The Wichita Eagle reports (http://bit.ly/SslExt ) a Kansas Department of Health and Environment officials says whether the three companies make money is not a concern, and initial losses were expected when KanCare system was launched in 2013.

However, the losses raised the concerns of a Wichita legislator who serves on a KanCare oversight panel. Rep. Jim Ward says it would be disruptive if the companies continue to lose money and decided to walk away from the contracts.

The three companies are contracted to manage the state’s health care program for three years.

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